Rotorua products, ltd., of new zealand markets agricultural products for the burgeoning asian consumer market. the company’s current assets, current liabilities, and sales over the last five years (year 5 is the most recent year) are as follows:

year 1 year 2 year 3 year 4 year 5
sales $ 4,539,770 $ 4,898,400 $ 5,083,390 $ 5,492,990 $ 5,796,610
cash $ 80,701 $ 106,917 $ 90,847 $ 72,725 $ 76,958
accounts receivable, net 418,624 430,931 448,168 501,061 572,699
inventory 800,711 867,178 834,459 880,216 909,440
total current assets $ 1,300,036 $ 1,405,026 $ 1,373,474 $ 1,454,002 $ 1,559,097
current liabilities $ 316,539 $ 343,508 $ 328,340 $ 333,975 $ 405,136

required:

1. express all of the asset, liability, and sales data in trend percentages. use year 1 as the base year. (round your percentage answers to 1 decimal place (i. e., 0.1234 should be entered as 12.

Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)